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Management · Q422

International Finance and Treasury

Graduate and Post Graduate · Management · question 422

Q422

Type of bidding in which bids are met before allocation of competitive bidders is considered as

A.
firstly basis
B.
preferential basis
Answer
C.
federal basis
D.
last basis

Answer: Option B

Solution

Answer: Option B
Solution:
Type of bidding in which bids are met before allocation of competitive bidders is considered as preferential basis. Bidding is an offer to set a price by an individual or business for a product or service or a demand that something be done.